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HomeMy WebLinkAboutThe Huron Expositor, 1972-11-30, Page 26Maillop fire ;agent Selwyn Baker paSes EXPOSATO SEAFORTH, ONT,, NOV, 3 0 1972 -BEAUTY SALON re--Xmas PERM • special Amance Diamond and Wedding Rings to pledge your devotion These pages show only a few ROMANCE designs available for your selection. S3S4-W $200.00 - Vt 49.9§, 5990 S990W -•4••• 91228 - $300.00 S1228W - 124.95 Front Cover Set 500.00 9 25.00 74.95 .e S610 -; $100.00 S610W Heavy quality rubber bottoms nylon uppers, heavy sock liners Mr. and Mrs. IraCampbell of Belgrave will celebrate their 75th wedding anniversary on Friday, December 1st. Married in 1897 at Thdssalon, Northern Ontario, in 1923 they moved to Lucknow where they lived until 1959 when they moved again to Belgrave. They recall that their wedding day in 189'7 was bright and sunny with lots of snow. When asked what she thought of marriage after 75 years, Mrs. Campbell replied "It's not all aanshine but things work themselves out". Among the many congratulations received was a message from Prime Minister Trudeau. (Staff Photo) Coup14 w'd 75 years Name; :liiiton director to task force Bruce Heath, Director of Hull! on County Children's Aid Society has been appointed to a Select Committee of the Ontario As- sociation of Children'S Aid So- cieties to prepare a major pre- sentation iI- to, the Task Force of the provincial Ministry of Con triunity and Social Services. The Ontario Task Force chaired by H. R. Hanson is to enquire into ail matters per- taining to the management of the Ministry of Community and soc- ial and related matters with in Ontario, including; objectives ancIL goals; programs and their mod d' of delivery,; utilization of human resources; organizational design and administrative procedures; relationships with other minis- tries, governments, organiza- tions and communities. The Task Force has beer* empowered to make such re- commendations that will enhance the efficiency and effectiveness of the Ministry in attaining ob- jectives and assist in the de- velopment of Community and Social Services for the people of Ontario.Th The • Association Select Com- mittee, composed of the CAS DireCtors of Toronto, Hamilton, Halton, Simcoe and Huron Count- ies. H. H. Dymond, Executive Director of the Ontario Associa- tion, and chaired by Mrs. L. M. Ball, a part president of the Ont-, ario Association, will examine the role of the Children's Aid Society and its relationship with the Ministry in provision of ser- vices to families and children. The Committee will also examine matters related to possible ab- sorbing of CAS services into* provincial or municipal govern- ment structure, the composition of CAS Boards of ,Directors, capital and operation funding, desirable changes in legislation, co-ordination of helping ser- vices, and the important role of volunteers in present and futurep operations. Locally, Mr. Heath is the 1972-73 Chairman of the Huron County Social Services Co-or- dinating Committee, a Director of the Goderich Rotary Club, • the Advisory Board of St. Peter's Church, Goderich, and the Ad- visory Board of the Social Serb vices division of Conestoga Col- lege. Every week more and more people discover what mighty jobs 0a2r4. are accomplishedby low costs, Expositor Want Ads. Dial 527- Main Street, Seaforth 527.f 00 "Snuggle-Bug" SLIPPERS by Lyons Leather ROMEOS for DAD ' Washable Kaufman FOAMTREADS for DAD, MOM and KIDS Men's Vinyl and Leather zippered BOOTS for Dress Dainty Suede and Patent • SHOES for those Christmas Parties Excellent selection of fold-up Slippers Women's and Misses' High Styled Water- proof , VINYL BOOTS Various heights of Boots and Heels --READ'S- .SHOES and LUGGAGE TUESDAY and WEDNESDAY ONLY During December — PHONE 527-0470 for Appointment — Regular $15.00 Regular $12.50 Regular$10.50 $12.50 $10.50 $8.50 ASK FOR BLANCHE HEATHER or BETTY 41444" MAIN STREET gtetgtag, SEAFORTH A widely known and highly respeeted Brusseli business- man, Selwyn Baker, died sud- denly early Monday morning in Seaforth Community Hospital.He was 72. While he had been in hospital earlier this year for several weeks, he appeared to have re- covered and was able to resume his normal duties. Born in Grey Township a son of the late Mr. and Mrs. John Baker of Grey, he farmed in that township until his retirement to Brussels 16 years ago. -." He carried on an insurance business in Brussels and was an agent for McKillop Mutual Fire Insurance Company of Seaforth. He was a tie asurer and dis- trict chaplain of St.John's Lodge, 9.M. AF and AM, Brussels, a member of the Scottish Rite, Guelph; the Rose Croix, Guelph, Moore Consistory, Hamilton, The Mocha Temple, London, the Blue Water Shrine Club, Goderich, a charter member of the Brussels Lions Club, an elder of Brussels United Church, and a 50-year member of the IOOF, Monkton. Surviving are his wife, the former Hazel Ronnenberg; one daughter, Mrs. William (Marie) Turnbull, Brussels; one sister, Mrs. John (Frances)Speiran ,of New York; three grandchildren and five great-grandchildren. SELWYN BAKER He was predeceased by four brothers, Percy of Granton, Wilbur , of Preston, Garfield and Chester, of Grey Township, and one sister, Mrs. Luke (Irene) Speiran, of Grey Township. The body was at the M. L. Watts funeral home, Brussels, until Wednesday when a funeral service was held at 2 p.m. A Masonic service was held at the funeral home the preceding evening.' Burial followed in Brus- sels cemetery. Mr. and Mrs. Ira Campbell will quietly celebrate their 75th wedding anniversary at their home in Belgrave on Friday, December 1st. Both are en- joying fairly -good health and both are in their 95th year. They have lived in the village since building a new home there in 1958. Mr. and Mrs. Campbell are natives of the area although they spent many years in the Thessa- lon district. Mr. Campbell is the eldest son of the late James Campbell and Sarah Wilson and the only surviving member of a family of four. His family farmed at Belfast, near Lucknow, where he was born on the farm now owned by Dynes Campbell. When he was a boy about 12 years of age the family took up land in the Thessalon dis- trict. The move was made be- fore the railway was built. Mrs. Campbell is the former Gertude Garniss, daughter of the BY J. J. Hagarty Ontario Ministry of Agriculture & Food,Stratford. - What's wrong with my farm- ing system? A farmer,with this question in mind, looking at his assets from the advantage of 1,000 feet up, might spot some obvious problems. The layout of buildings could be improved. The need' ,for drainage may be apparent.. The barnyardmightbe close and sloping -towards a stream. What, may not be obvious is his lack of any plan to transfer these assets to his family. And this may be the one "bug" in the system that will keep him from reaching his goal. Tax manage- late John Garuiss and Annie Coultes. She was born in Blue- vale where her father was a carpenter. Within about two years of the time the Campbell's moved to Thessalon, the Garniss family settled there where Mr. Gamiss continued in the care gentry trade. Mrs. Campbell is also the last surviving, member of her family in which there were six children. They were married December 1st, 1897 by Rev. W. R. Sealy of the Methodist Church. They were nineteen at the time. Gardening has always been a hobby and they are especially interested in flowers. Mr. Campbell worked for many years in the woods of Nor- thern Ontario. He-was foreman for a lumber company for some time - and later was woods manager for the Spruce Falls Paper Company at Kapuskasing for over 20 years. In the mean- time they had purchased a farm near Lucknow for their sons ment will become a regular concern for more and more farm families. They will want to reduce and defer income tax, succession duties and tax on capital gains. • ESTATE TRANSFERS Estate transfers must focus on the advisability of selling, gifting or bequesting various types of assets today. In light of the capital gains tax and the provincial gift taxes and succes- sion duties, should you sell, gift or bequest a particular farm asset? Generally: * A gifting program should be considered first. The most important items to gift are non-depreciable assets such as land. (E.G. sell far,m and gift in lots of $2,000.through a demand note) - * What you want to bequest should be considered with reference to your gifting .—r Anstett Jewellers Ltd. SNOWMOBILE BOOTS for the whole family by , Kaufman and M ner BROOMBALL SHOES Men's and Ladies' sizes r„ Avii\,\v/(16.c\pe munummthaaNfrat-) Tine to get going for the holidays t ready_ foriciut4p r • Miter atabrit It's time for your sportswear to be cleaned. Snowmobile Suits, Hunting Jackets, Ski Jackets, Suits, Ties, Knitwear. etc. FLANNERY CLEANERS PROMPT, FRIENDLY SERVICE Phone 527-0250 Seaforth POOTNOIS TO A Miff CHRISTMAS and a home in Lucknow for themselves. Mr. Campbell con. tinued to work in the north, mak- ing periodic trips to see his family by plane, and even after retirement was called in on ad- visory capacity to the Long-Lac Development of the Kimberley- Clark Enterprises. Mr. Campbell can recall the conditions when he first started working in lumber camps. The men were up at 4 a.m. to get the horses harnessed and get out to work. The bunks were only wood boxes with a few spruce boughs for mattresses and they "threw you a couple of blankets". Mr. and Mrs. Campbell had your children. Their daughter, Mrs. Edwin (Ivy) Ansley of Thes- salon was with them for their anniversary. Their three sons . are deceased; Roy died in in- fancy, Glen of Belfast, Luck- now died in 1965, and Floyd of R.R.4, Brussels died in 1968. They have 18 grandchildren and 40 great-grandchildren. program. The most impor- tant items to beqUest are de- preciable assets (e.g. ma- chinery), income-producing items (e.g. inventory) and (possibly) basic herd ani- mals. * Anything can be sold. The priority items, however, are probably rapidly appreciat- _ing assets which will even- tually be subject to a very large capital gains tax. (1)Machinery - Bequesting may be the least expensive way to transfer machinery. (a) the deemed proceeds are esti- mated to be half-way between the undepreciated capital cost and fair market value. (not simply the fair market value) (b) it is profitable (from the recipients point of view). to defer using the diminishing balance deprec- iation method. (2)Land - The Ontario Succes- ROLLOVERS A rollover is said to arise when capital gain or loss is def ered for income tax pur- poses. In this way, an attempt is made to leave the parties its the same capital position they were in prior to the transfer. "Rollovers" can occur where: (a) a capital property is trans- ferred to a corpofation (b) a capital property 18 trans- ferred to a partnership (c) a capital property is tranSfi ferred from an individual to his (her) spouse. Capital property includes all tYpes of property; i.e. land, buildings, machinery and quota. Anyone considering transfer of assets should clarify goals -rgby doing some initial plannings They should contact a chartered accountant sand a lawyer before making a decision on use of the rollover provisions. • sion Duty has a tax-free base of $100,000.($500,000 if passed to spouse). By leaving estates under $500,000. to a spouse, both succession duties and capital • gains tax are deferred. When a person gives or willl assets to a spouse, that spouse is considered to have acquired the asset at a value equal to the original adjusted cost base of the asset. e.g. a farmer who pays $200. for an acre of land in 1972. In 1982 when the land is wort* $400. his wife receives it in the will. National Revenue will consider that the value to the wife is $200. (not $400.)i so there will be no gains tax paid at that time. When the wife dis- poses of the land, a capital gains tax unavoidably arises. Somebody Wants What You Don't Need SELL Through Huron Expositor Classified Want Ads. ali...M.00 Discusses transfer of buildings, land